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"Cooperation grants SMEs a shared future and gives each party more insight for business growth," said He, adding that their development will contribute to a global economic boom.

"Creditor committees have been running under the mechanisms of information sharing, collective meeting, concerted action, unified credit granting, joint prevention of risk and behavior constraint," he said.

"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.

"China's white paper stipulating its policies in improving employment and protecting labor rights in Xinjiang is a welcome step," said Shabbir, adding that the paper "highlights China's commitments to international labor laws and conventions".

"China will step up the in-depth crackdown of the banking sector, while improving its regulatory regime in 2018," said Zeng Gang with the Institute of Finance and Business under the Chinese Academy of Social Sciences.